To Those Who Have Money to Loan
SOME time ago an article was published in the REVIEW AND HERALD setting forth the fact that if the corporation now owning and controlling the old Battle Creek College property could pay the entire amount due the Review and Herald Publishing Company before Jan. 1, 1904, a discount of $6,000 would be granted by the Review and Herald. At that time we asked those who had money to loan to let us have it for this purpose, so that the large discount offered by the Review and Herald might be secured. In making this discount the Review and Herald felt that they were making a substantial donation; they also felt that they should not make it unqualifiedly, but only on condition that the entire amount due them is liquidated. The original amount owing the Review and Herald Publishing Company by the Battle Creek College corporation was about $50,000. That amount has now been reduced to approximately $14,000. The Missionary Acre money, which is used to apply on the debts of the Battle Creek College, will not be sufficient to take care of the obligations to the Review and Herald, and at the same time do justice to other creditors. The interest-bearing debt on the Battle Creek College is being steadily reduced, and the Sanitarium pays an annual rental sufficient to cover all the fixed charges upon the estate. The undersigned will be glad to correspond with any of our brethren and sisters who may have money which they would care to loan in this matter, and to give further information relative to the same. Address P. T. Magan, Berrien Springs, Mich.